India's Opportunity in Display Manufacturing: ICEA Calls for Action
The India Cellular and Electronics Association (ICEA) has raised concerns over the lack of progress in domestic display manufacturing despite government support. ICEA highlights India’s potential to become a global hub for display production and emphasizes the need for special attention to attract international investments and diversify supply chains.
- Country:
- India
Mobile phone makers' body ICEA has expressed concerns over no breakthrough on display manufacturing despite capex support from the government, the industry body said on Tuesday. India Cellular and Electronics Association (ICEA), whose members include Apple, Foxconn, Dixon, Lava, Vivo, etc, said despite being the world's third-largest consumer of display products (accounting for 7 per cent of global revenue), the nation has an insignificant domestic production. ''We have an excellent 50 per cent capex support on parri passu basis as offered by India Semiconductor Mission (ISM) further supplemented by the state governments, but we have not been able to break ground beyond display assembly. ''Display has a major 15-20 per cent position in the Bill of Material which is close to the other logic, memory and other semiconductors. It's a matter of great concern,'' ICEA Chairman Pankaj Mohindroo said in a statement. ICEA sees absence of display manufacturing in India as a unique opportunity for international companies seeking to diversify their display supply chains beyond certain geographies, thereby complementing the domestic demand and also export from India. ''This sector needs special attention and we are determined to make India a strong display manufacturing nation,'' Mohindroo said. The government has received interest from the Vedanta Group to set up a display fab in the country but their proposal is still under evaluation. ICEA said it recently led an industry delegation to the prestigious SID Display Week event at San Jose, US, which aimed to showcase India's potential and readiness to become a display manufacturing hub for the world and attract investments in this domain.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
ALSO READ
Savor the Monsoon: South African Apples & Pears Cinnamon Tea Cake
Vedanta's Strategic Moves: A Rs 30,000-Crore War Chest and Upcoming Demerger
Apple Names Kevan Parekh as New CFO, Succeeding Luca Maestri
Vedanta Gears Up for Growth with Rs 30,000 Crore War Chest
Lebanese Cities Grapple with Growing Tension Amid Heaviest Hezbollah-Israel Clashes